Metsä Group laid foundation of its new birch plywood mill in Pärnu, Estonia. The new mill is expected to start production by end of year 2018.
According to the announcement, the annual birch plywood production capacity at the Pärnu mill will be 50 000 m3 and the total investment is approximately EUR 55 million. The birch veneers will be produced in Äänekoski mill in Finland and plywood will then be manufactured at the Pärnu mill. The new birch plywood mill will create approximately 200 jobs to Pärnu area.
Metsä Wood announced acquisition of a 10 hectare industrial site in the city of Pärnu in Estonia in April 2017. The company had contracted Nordecon AS for construction of the 29 000 m2 production hall for the new birch plywood mill and the non-work rooms and office premises.
Kari Jordan, CEO of Metsä Group, commented:
“This is an important investment for Metsä Wood and the whole Metsä Group. It is done to better meet the globally growing plywood demand and to further improve Metsä Wood’s industrial efficiency. The new mill is a good example of Finnish-Estonian cooperation. Estonia has favourable business climate and it offers good logistical connections to our main markets.”
The new mill is part of the EUR 100 million investment program Metsä Wood published in June 2016. The programme is carried out during 2017-2018.
Metsä Wood provides the premium-quality wood products for customers in construction, industrial applications and distribution.
About Metsä Group:
The company is a forest industry group whose core business consists of tissue and cooking papers, paperboard, pulp, wood products, and wood supply and forest services. It has operations in almost 30 countries and production in 9 of them.